American Water Works (NYSE:AWK) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.00-3.06 for the period, compared to the Thomson Reuters consensus estimate of $3.01. American Water Works also updated its FY18 guidance to $3.22-3.32 EPS.
A number of research firms have recently weighed in on AWK. Robert W. Baird reaffirmed a hold rating and set a $82.00 price objective on shares of American Water Works in a research report on Sunday, October 1st. Boenning Scattergood reaffirmed a hold rating on shares of American Water Works in a research report on Thursday, November 2nd. Bank of America began coverage on American Water Works in a research report on Tuesday, October 24th. They set a buy rating and a $95.00 price objective on the stock. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the company a hold rating in a research report on Thursday, October 19th. Finally, Janney Montgomery Scott cut American Water Works from a buy rating to a neutral rating in a report on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $85.63.
American Water Works (NYSE AWK) opened at $92.25 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. American Water Works has a twelve month low of $69.96 and a twelve month high of $92.37. The company has a market capitalization of $16,324.92, a P/E ratio of 31.56, a P/E/G ratio of 4.01 and a beta of 0.27.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business had revenue of $936.00 million for the quarter, compared to the consensus estimate of $992.58 million. During the same quarter in the previous year, the company posted $1.05 EPS. The company’s revenue was up .6% compared to the same quarter last year. analysts anticipate that American Water Works will post 3.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s payout ratio is 56.27%.
In other news, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the transaction, the chief operating officer now owns 97,667 shares of the company’s stock, valued at approximately $8,785,146.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the transaction, the insider now directly owns 3,659 shares in the company, valued at approximately $328,395.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,856 shares of company stock worth $616,700. Corporate insiders own 0.34% of the company’s stock.
About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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